Daily Digest – November 10th

• Binance pulls out of FTX deal, Justin Sun announces potential partnership

• Authorities open probes into FTX’s collapse, crypto execs call for clearer guidelines

• Venture capitalist firm, Sequoia marks down its entire FTX investment to $0

• Solana ecosystem shakes SOL worth $900 million, prepares to be unlocked

• DeFi TVL feels the brunt of FTX’s liquidity crunch, TVL falls to 20-month low

Binance Abandons FTX Deal, Citing Mishandled User Funds and US Probe

Binance announced Wednesday that it would no longer pursue an acquisition of FTX, leaving the crypto empire of Sam Bankman-Fried on the...

Kraken Says It Holds 9,000 FTT, Claims To Have No Exposure To Alameda Research

Kraken, one of the top centralized crypto exchanges in the world, has published a statement in which it revealed that it holds about...

Nine Leading Crypto Exchanges Commit to Proof of Reserve Amidst FTX’s Liquidity Crunch

Following the liquidity crunch of Sam Bankman-Fried’s FTX exchange that ignited a market collapse, other prominent exchanges are...

Justin Sun’s TRON DAO Buys $1B of Tether (USDT) as it Briefly Falls to $0.97

TRON DAO has purchased $1 billion worth of Tether (USDT) tokens. This comes as the largest stablecoin loses its 1:1 peg to the...

More Troubles for FTX: Sequoia Capital Gave Up its FTX Stakes

The challenges confronting FTX took another dimension on Thursday after Sequoia Capital gave up its $213.5 million investment with the...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team